Wall Street is paying less attention to the Magnificent 7: Monthly mentions of the "Magnificent Seven" across news stories on the Bloomberg terminal are down to ~1,400, near the lowest since Q4 2023. This marks a -70% decline from the Q1 2024 peak of ~4,300 mentions, which came shortly after the term was introduced in 2023. A similar pattern occurred with the "FANG" and later "FAANG" labels, originally referring to Facebook, Amazon, Netflix, and Google before Apple was added. Monthly mentions of "FANG" and "FAANG" surged to a record ~2,800 in Q4 2018. Subsequently, they dropped -82%, to just ~500 mentions by early 2020. Investor attention has shifted away from the Mag 7.

FANGERINE FRIDAYS 🍊 Pull up early, catch pre-game shootaround, and you might just leave with some extra 🔥 First 50 @TangerineBank clients… you’re up. 👀 ➡️

The FANG Innovation names start reporting tomorrow, and the semis are where the biggest moves sit. $NFLX leads off after the close tomorrow for the Solactive FANG Innovation Index, but the widest implied moves belong to the chipmakers: $AMD (±20.1%, reporting 8/4) and $INTC (±15.7%, 7/23). $TSLA prints 7/22. Across the 15-name index, $AMD and $PLTR carry the largest weighted impact at 1.31% and 1.11%. Full calendar with estimates and implied moves below.

Eagles Defense Coordinator Vic Fangio TROLLS Dr. Fauci Pleading the Fifth Question: "What's the plan at safety?" Fangio: “I’m gonna be like Fauci and just take the Fifth Amendment on all questions." 😂

Eagles Defensive Coordinator Vic Fangio at today’s presser: “I’m gonna be like Fauci and just take the 5th Amendment on all the questions. Did you guys see that? Omg.” Patriot.